Why is China’s middle class starting to look like the US’ not a good thing?

Aaronn Sittig

3 years ago

Why is China’s middle class starting to look like the US’ not a good thing?

China’s middle class has grown explosively in the past 20 years.In 2000, roughly 3 per cent of the country’s population was classified as middle class. By 2018, more than half of China’s population – 707 million people – had entered the country’s middle-income bracket, according to calculations from the Centre for Strategic and International Studies that defined the middle class as those spending between US$10 and US$50 a day.As China’s middle class has expanded, it has in many ways also…

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